Buying real estate is becoming more expensive given poorer financing conditions.
(Photo: dpa)
Frankfurt It is a development that experts had foreseen – but not with this dynamic. Within a few weeks, building interest rates have risen by more than 0.5 percentage points. At no time in the past ten years have interest rates “risen as quickly and as strongly as in the first few weeks of 2022,” says Mirjam Mohr, CEO of the mortgage broker Interhyp.
Just over a year ago, the interest for a real estate loan with a ten-year fixed interest rate was around 0.7 percent per year, a record low. Real estate loans have never been so cheap. Then other times dawned. Up until the beginning of the year things only went up slightly. Since then, interest rates have risen rapidly. Now the experts are correcting their forecasts upwards.
An overview of the situation – and an outlook on future developments.
What are the current conditions?
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
further
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
further